ApprovalSoft vs Finmatics
ApprovalSoft
approvalsoft.comFinmatics
finmatics.comSide by side
| Figure | ApprovalSoft | Finmatics |
|---|---|---|
| Price from | — | €750/mo |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 1 | 5 |
| Spec score · Invoice Approval Software | 7.8 (#20) | 8.5 (#8) |
| Approval workflows | Users can configure approval steps and rules based on transaction details such as document type, amount, or vendor. | Invoices can move through configurable one-step or multi-step approval workflows, including from a phone or computer. |
| Document intake | Documents can be scanned in the product, emailed, accessed from a network location, or imported, including detailed invoice records. | Documents can enter through scanning, email, a mobile app, a portal, or the API. |
| Headquarters | Irvine, California, United States | The company lists its address as Lindengasse 41, Vienna 1070, Austria. |
| Integrations | ApprovalSoft integrates with Accounting for Mortgage Bankers (AMB) and systems that accept standard file formats. | The company lists DATEV, BMD, RZL, Agenda, Microsoft Business Central, SAP, and custom API connections. |
| Purpose | ApprovalSoft manages invoice approvals and other approvable documents and transactions. | Finmatics provides AI-powered accounting automation for accounting firms and companies. |
| Support | Advantage Systems says it can assist with installing PHP for IIS and directs prospective buyers to call for a demo or purchase information. | Finmatics directs technical questions to email support and its help center; the GetApp listing also identifies phone, email, knowledge base, chat, and training support options. |
Plans
Finmatics
- Onboarding & Setup€1.99, paid once
- Basis Fin€750 a month
- Plus Fin€900 a month
- Pro Fin€1,050 a month
- Enterprise Fin€1,200 a month
In their own words
ApprovalSoft
ApprovalSoft has no write-up on Specifiction yet; its figures are above.
Finmatics
Finmatics is accounting automation software for accounting firms and companies. Its system, Fin, captures invoices from paper, scans and electronic files, then separates, sorts and extracts their data. It creates traceable booking suggestions based on booking history and tax logic, and learns from past bookings, user feedback and configured rules. Supported inputs include PDF, TIFF, JPEG, PNG, ZUGFeRD 2.0, XRechnung, ebInterface, UBL and IDoc FI. Integrations include DATEV, BMD, RZL, Agenda, Microsoft Business Central and SAP; a REST API is available, with limits of 1,000 general requests and 100 authentication requests per minute. Conditional routing, delegated approvals, an approval audit trail, mobile approval and invoice comments are listed capabilities. Finmatics supports Android, iOS and web. The listed Basis Fin plan is €750 a month, billed annually in advance; monthly payment is available with a 20% surcharge. A demo is limited to 30 days before a paid contract. Finmatics states that it processes data under GDPR Article 28 and uses encryption, role-based permissions, optional two-factor authentication and SSO.